Long Position on CLGX @ $41.30 on 7/13/2015 (Momentum)

CoreLogic, Inc.  (CLGX) provides property information, analytics, and data-enabled services in North America, Western Europe, and the Asia Pacific.

The company operates through two segments, Technology and Processing Solutions and Data & Analytics (D&A).

The Technology and Processing Solutions segment offers property tax monitoring, flood zone certification and monitoring, credit services, mortgage loan administration and production services, lending solutions, mortgage-related business process outsourcing, technology solutions and compliance-related services.

The D&A segment owns or licenses data assets, such as loan information, criminal and eviction records, employment verification, property sales and characteristic information, property risk and replacement cost, and information on mortgage-backed securities. This segment provides analytical products and workflow solutions for risk management, multiple listing services, insurance underwriting, collateral assessment, loan quality reviews, and fraud assessment, as well as geospatial proprietary software and databases with geographic mapping and data; and consumer screening and risk management for the multifamily housing industry.

CoreLogic, Inc. primarily offers its services to mortgage originators and servicers, financial institutions, investment banks, fixed-income investors, title insurance companies, commercial banks, government agencies and government-sponsored enterprises, property and casualty insurers, credit unions, real estate agents, and other real estate professionals. 

Shares have formed a bullish "cup and handle" and are on the cusp of the breaking out of this formation. Higher share prices are expected for this stock. 

52-Weeks Trading Range: $25.54 - $41.53

Entry Point: $41.30

Stop Loss: $39.25

Target Price: $45.45

Updates

7/28/2015 11:17:55 AM

CLGX closed at $38.26.

Position closed on 7/28/2015 at price of $38.26 with a -7.36% loss in 15 days.

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